A prominent city-centre site in Dublin 1, encompassing 9 and 10 Ormond Quay Lower and 3-10 Strand Street Great, is being marketed by Xestra Asset Management for over €12 million. The property offers significant redevelopment potential due to its prime location, flexible zoning, and high-footfall area.
Xestra Asset Management is seeking expressions of interest for a prominent city-center site in Dublin 1. The property, located at 9 and 10 Ormond Quay Lower and 3-10 Strand Street Great, is guiding in excess of €12 million. The investment firm described it as a “rare opportunity for value-add investors to acquire a high-profile city-centre property with substantial redevelopment potential”.
The site's flexibility, zoned Z5 City Centre Land Use Zoning under the Dublin City Development Plan 2022–2028, allows for a variety of uses including hotel, hostel, student accommodation, residential, office, and education. The property's prime location, adjacent to the Morrison hotel and 100m east of the recently pedestrianised Capel Street, provides excellent visibility in a high-footfall area. Numbers 9 and 10 Ormond Quay Lower front the Liffey and offer commanding views. Number 9 was most recently used as office accommodation, while number 10 functioned as a high-end private event venue. In Strand Street Great, the site includes seven three-storey buildings (numbers 3-10), located at the intersection of Capel Street and Liffey Street Lower. Extending to about 0.125 hectares (0.31 acres), the site's potential is highlighted by the recent overturning of Dublin City Council's decision to refuse plans by The July Hotel Group for an eight-storey hotel in nearby Capel Street by An Bord Pleanála during the summer.
Real Estate Development Dublin Investment Zoning
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bohemians take €12 million former Premier League striker on trialThe latest sports news from The42.ie in 60 seconds
Read more »
Dublin to Enforce Bin Bag Ban in City CentreDublin City Council is set to enforce a ban on refuse bags, previously delayed for properties unsuitable for bins, starting from January 1st, 2024. Businesses and residents who continue to use bags face fines ranging from €150 to €4,000. The council aims to reduce litter by promoting the use of bins, with the ban initially covering 90 streets in the city centre. Despite a 30% take-up rate of bins so far, the council plans to expand the ban to the north inner city in 2025.
Read more »
Man Dies After Incident in Dublin City CentreA man in his late 60s died in hospital after collapsing following an altercation with another person on Lower Baggot Street in Dublin. Gardaí are investigating the circumstances surrounding his death and are appealing for witnesses, including motorists with dashcam footage, to come forward.
Read more »
Dublin City Centre Traffic Chaos After Collision and Teenager Killed in Mayo CrashA collision on one of Dublin's busiest streets, Usher's Quay, has caused traffic chaos for commuters. The incident resulted in the closure of the road, with Gardaí continuing their investigations. In a separate incident, a 17-year-old boy tragically lost his life in a road crash in County Mayo.
Read more »
Traffic Delays in Dublin City Centre After CollisionA collision on Usher's Quay in Dublin City Centre has resulted in road closures and heavy traffic. The incident occurred just before 10am on Monday morning and Gardai are continuing their investigations.
Read more »
Man given 16-year sentence for slashing faces of three people in Dublin city centreProsecutor tells court Jonathan Cummins (38) and his victims lived lives ‘blighted by addiction and homelessness’
Read more »